Maritime insurance law is one of the important areas of maritime and international commercial law. Maritime insurance law is intellectually challenging area and of great practical commercial importance as many commercial transactions involve insurance. Many insurance law problems, particularly those of marine insurance law arise when there are disasters - often tragic: armed conflict, piracy, terrorism, natural disasters as well as massive commercial declines. Marine insurance law is also important because it serves as the foundation not just for the law of marine insurance but also the law of non-marine insurance.
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